Nirlon Limited, established in 1958, initially focused on manufacturing industrial fabrics, nylon textiles, and rubber belting products. Over the decades, it expanded its portfolio to include a range of industrial products such as polyester reinforced V-belts and tyrecord fabric, supported by a joint venture with Semperit A.G for conveyor belts. In 1999, Nirlon diversified into real estate, leveraging its Goregaon facilities to establish a foothold in this sector, subsequently launching an IT Park development in 2007-08. The company phased out its V-Belt division in 2008-09 and has been focusing on expanding its real estate ventures, aiming to create an extensive built-up area in Goregaon by 2012.
Nirlon's transition from a manufacturing-centric business to a real estate-focused entity highlights its strategic pivot to capitalize on its land assets. With significant developments planned at its Goregaon location, Nirlon is poised to enhance its presence in the real estate market while scaling down its traditional manufacturing operations.
